… Read the restThe Midwest partners have decided to complete the environmental assessment for the project, which has been ongoing since December 2005 and to complete the engineering for the Midwest site. This will enable the project to be advanced to the stage that it is ready
Category Archives: Nuclear/Uranium
Exelon (EXC) Earnings Drop Due To Increased Expenses
Due to higher expenses, Exelon Energy’s third-quarter earnings have dropped from last year. The latest reports show income decreasing from 780 million, or $1.15 a share a year ago to $700 million, or $1.06 per share. Although this was below analyst’s expectations of $1.13/share, the decrease was partially due to some one-time big ticket expenses. as BullishBankers.com notes below:
… Read the restDuring the last quarter, Exelon also encountered a few special items including an $80 million
Xcel Energy (XEL) Earnings Fall, Missing Analysts’ Target
Xcel Energy posted its 3rd quarter results today. Although revenue rose to $2.85 billion from $2.4 billion, their 3rd quarter earnings fell 13% to $223 million dollars, or 51 cents a share. That’s a 13% drop from what the company was reporting at this time last year. Analysts had expected Xcel to post earnings of 61 cents a share, so the report was below expectations.
The company stated that its results had been impacted … Read the rest
Exelon (EXC) Makes Bid To Buy NRG Energy (NRG)
Exelon, a power company with the nation’s largest fleet of nuclear reactors, made an all-stock bid to NRG Energy late Sunday, according to CNN Money. The deal would widen Exelon’s geographic reach, and also help improve NRG’s credit rating. The smaller company has about 8 million in debt. Here are some more details about the bid, from CNN Money
… Read the restChicago-based Exelon said in a press release that it had offered 0.485 of an
Shaw Group (NYSE: SGR) Expands Contract With Entergy Nuclear Corp (NYSE: ETR)
The Shaw Group Inc. just announced an expansion of its maintenance contract with Entergy Nuclear. The Maintenance Division of Shaw’s Power Group currently offers maintenance services for 10 of Entergy Nuclear’s nuclear power plants. Now, the contract has expanded to include Entergy’s 798-MW Palisades plant, located near South Haven, Michigan. This brings the total number of Entergy plants maintained by Shaw to 11.
Although the financial value of this change has not been disclosed, Ron … Read the rest
Constellation Energy (CEG) Plummets on Collateral Concerns
Constellation Energy (CEG) plummeted to a 2 year low today with record volume after it was revealed that a credit rating downgrade could force the company into posting billions of dollars in extra collateral. High volatility in fuel and electricity prices have increased the risk of a downgrade, and the company could be forced to post over 3 billion collateral to cover those contracts if its debt is downgraded 3 levels. It’s important to … Read the rest